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Landlord demands for Salary Income proof (Bank or Tax statement)

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  1. #1

    Join Date
    May 2010
    Posts
    7

    Landlord demands for Salary Income proof (Bank or Tax statement)

    Hi everyone, just want to gather a simple and quick poll...

    Here in Hong Kong, is it a normal and proper practice for landlord to see the tenant's salary/income specific entry in either Bank or Tax statement?

    Y= Yes
    N= No

    ------------------------------------------
    Why I asked about this? The background story:

    I've been living in HK for about 6 years, in a two-bedroom flat, first in HK Island and now in Tseung Kwan O. Three of my past landlords from these different areas never asked for an
    income proof during the deal, just a business card or a company letter as proof of employment was sufficient and sometimes a short description about job during the meeting.

    But just recently, I moved to bit a more pricey three-bedroom flat and during the signing, the landlord requested to see (just show them, no copy or duplicate required) my income proof. I already brought and showed them my printed HSBC bank statement-my name is there and net savings are all shown. However, I intentionally blocked off the credit/debit details part for privacy reasons.

    I was surprised when that wasn't enough, what the landlord demanded to see was very
    specific-the details showing "salary or income"- amongst the part I blocked off because I
    believe it's too personal and very private information already.

    In my transactions here in HK, the only department that I remembered asking for this
    specific details are either Immigration or a foreign embassy during travel and visa
    application, and I'm fine with that. But Landlords? What do you think?

    So we have a very short "tug-of-war" like conversation, I say this is already too private, as I already shown my bank statement. But what surprised me and "cooled me down" is when they said that their past landlords (because they're also renting) demanded to see similar proof. So what they had experienced with their past landlords-they just apply to me basically. In the end, I showed my income specifics to them, just via my mobile phone online banking (for your eyes only thing). And all went well.

    So that's it, deal was settled, I'm ready to move soon.

    But the big question still rings in my head:

    Here in Hong Kong, is it normal and proper for landlord to see the tenant's salary/income specific entry in either Bank or Tax statement?

    Cheers and Thanks for looking!


  2. #2

    Join Date
    Oct 2006
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    Sarcasm - because beating the crap out of people is illegal
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    14,645

    No.


  3. #3

    Join Date
    Oct 2006
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    Is the property mortgaged? If yes, did you get proof from the issuer that it consents to the property being rented?

    dumbdonkey, jimbo and emx like this.

  4. #4

    Join Date
    Apr 2012
    Posts
    956

    yeah I dont understand why they ask for such information. I mean like if you re an expat it's already a guarantee that you earn a minimum amount. Like they ask for business card, anyone can print fake business card it's useless info.
    My past landlord asked for my contract, new one does not care much.


  5. #5

    Join Date
    Nov 2014
    Posts
    370

    It is normal for a landlord to ask but it normally isn't a deal breaker if you don't provide it. Same reason they might ask about your occupation.


  6. #6

    Join Date
    Oct 2010
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    18,776

    Some of my landlords asked for this. Others didn't. I don't see it is a big deal really.

    Lord Dashwood likes this.

  7. #7

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    Oct 2006
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    Never been asked for it. Wouldn't give it.


  8. #8

    Join Date
    Jun 2014
    Posts
    8

    My landlord asked for the salary and work contract when I moved in and I provided the info. I personally don't see it being too personal. In fact, showing a bank statement is much more personal to me than letting my landlord know my salary.

    I own some properties in the States and it's normal practice for all tenants to submit their paystubs and the landlord to do credit and background checks on applicants before signing.

    shri and madal1 like this.

  9. #9

    Join Date
    Feb 2015
    Location
    Hong-Kong
    Posts
    5,552

    I always ask my tenants to provide an income proof. And it has to be very recent.

    BUT. I don't wait the signing date to ambush them and make the demand. I state clearly in the ad that they will have to provide it. Never had an issue with this.

    kenaeda and rani like this.

  10. #10

    Join Date
    Aug 2014
    Posts
    668

    I can fully understand the LL wants to have proof of employment, but I don't think how much one exactly earns is any of the LLs business.
    Personally it would be a deal breaker for me.

    alph likes this.

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